How to Control Your Personal Inflation Level

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 You can’t control inflation, so focus instead on what you can control. shisu_ka / Shutterstock.com

Whenever we hear that inflation is rising and the Consumer Price Index (CPI) shows inflation at say, 3%, it means prices we pay for the same everyday goods and services are going to cost consumers 3% more this year than last. In other words, the same bag of groceries or tank of gas you bought a year ago costs more now. And next year, if inflation rises to 4%, you’ll pay that much more.

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